The Real Deal New York

Posts Tagged ‘joseph sitt’

  • Jeff Appel ousted at Town: sources

    October 01, 2014 02:44PM
    From left: Andrew Heiberger and Jeff Appel

    From left: Andrew Heiberger and Jeff Appel

    UPDATED, 3:00 p.m., October 1: On the same day that Andrew Heiberger made a dramatic return as CEO to Town Residential, president and COO Jeff Appel was terminated, sources told The Real Deal. [more]

    21 Comments
  • Andrew Heiberger returns as CEO of Town

    October 01, 2014 11:05AM
    From left: Andrew Heiberger and Joseph Sitt

    From left: Andrew Heiberger and Joseph Sitt

    Andrew Heiberger is retaking the reins at Town Residential, replacing business partner Joseph Sitt as CEO, effective immediately.

    “From the beginning, Andrew has led the way in establishing a new degree of excellence on behalf of our clients and representatives,” Sitt and Heiberger said in an email sent to Town’s staff this morning that was shared with The Real Deal. “In the coming months and years, you can expect to see even more, as we continue to cement our reputation as the leading light in New York residential real estate.” [more]

    24 Comments
  • From left: Joseph Sitt, 840 West End Avenue on the Upper West Side and Steven Vegh

    From left: Joseph Sitt, 840 West End Avenue on the Upper West Side and Steven Vegh

    UPDATED, 10:30 a.m., September 24: Joseph Sitt’s Thor Equities just picked up a rental building on the Upper West Side for $37.4 million, The Real Deal has learned. The deal for the 47,800-square-foot property at 840 West End Avenue comes with 13,000 square feet of unused air rights, and is the fourth acquisition in the neighborhood for Thor’s new residential division. [more]

    12 Comments
  • laguardia

    LaGuardia Airport and Joseph Sitt

    The Port Authority of New York and New Jersey has pushed back its selection of a team to redevelop the Central Terminal at LaGuardia Airport.

    The teams in the running are Lend Lease, Macquarie Capital Group, Turner Construction and Hochtief AirPort GmbH; O&G Industries, Zachry Construction, Kohn Pedersen Fox and Ove Arup & Partners; and Skanska, Vantage Airport Group and Parsons Brinckerhoff. The board meeting, slated for later this month, will instead occur Oct. 22. [more]

    Comments
  • Joseph Sitt, 88 Greenwich Street and Andrew Heiberger

    Joseph Sitt, 88 Greenwich Street and Andrew Heiberger

    Joseph Sitt’s Thor Equities now has full control of a $25 million commercial condominium at 88 Greenwich Street, after purchasing the remaining 50 percent stake in the property from Andrew Heiberger’s Buttonwood Development for about $12.5 million. Heiberger and Sitt are partners in Town Residential. [more]

    1 Comment
  • Thor's Joseph Sitt and 150 West 82nd Street

    Thor’s Joseph Sitt and 150 West 82nd Street

    Joseph Sitt’s Thor Equities is in contract to purchase a 10-story Upper West Side residential rental building for $42 million. [more]

    6 Comments
  • thor

    Joseph Sitt and 164 Fifth Avenue

    Thor Equities acquired a 19,000-square-foot Flatiron District office building for $23 million.

    Design nonprofit AIGA owned and currently occupies the site at 164 Fifth Avenue, near 22nd Street. The four-story property will be delivered vacant. The development firm led by Joseph Sitt made a string of recent buys along Fifth Avenue, including 530 Fifth Avenue for $595 million and 685 Fifth Avenue for $475 million. [more]

    1 Comment
  • From left: Joe Sitt, 120 Greenwich Street (Google Maps) and Blue Planet Grill

    From left: Joe Sitt, 120 Greenwich Street (Google Maps) and Blue Planet Grill

    Thor Equities CEO Joseph Sitt has scooped up three retail condominiums just south of the World Trade Center for a total of $35.5 million. [more]

    Comments
  • Lina Viviano from Town Residential

    Lina Viviano from Town Residential

    UPDATED, 9:49 a.m., June 11: Lina Viviano is Town Residential’s new director of professional development, according to a release from the brokerage firm. Viviano’s new position was previously held by the company’s chief operating officer and president Jeff Appel.

    Viviano is a licensed real estate broker and holds a master’s in American Government from Harvard University, according to the announcement. She’s also a graduate of the New York University Law School. Viviano, a native New Yorker, is the founder of Gotham Walking Tours, a historical tour and consulting company. [more]

    Comments
  • thor-miami

    From left: Joe Sitt and Lyle Chariff

    From the South Florida site: Thor Equities just made its biggest investment in Miami’s Design District to date, The Real Deal has learned.

    The Manhattan-based investor paid $45.4 million for Sam Herzberg’s portfolio in the district. Thor’s acquisition of the five properties closed on Friday. Miami-Dade County has not recorded the all-cash transaction.

    The purchase adds more than 32,000 square feet to Thor’s growing assemblage in the district. The company has spent more than $76 million in four recent acquisitions. [more]

    Comments
  • sitt-coney

    From left: Joe Sitt and Dick Zigun

    Thor Equities owner Joe Sitt is getting complaints about the state of land under the firm’s ownership in the heart of Coney Island’s amusement district. [more]

    4 Comments
  • Andrew Heiberger and Joe Sitt

    Andrew Heiberger and Joe Sitt

    Andrew Heiberger and Joseph Sitt, Town Residential’s top guns, have reached a settlement in their legal battle, bringing an end to an ugly — and public — bust-up between the two real estate executives. [more]

    30 Comments
  • From left: Joe Sitt and Andrew Heiberger

    From left: Joe Sitt and Andrew Heiberger

    MOST READ: Town Residential founder Andrew Heiberger has been awarded a temporary restraining order against the company’s partner, Thor Equities’ Joseph Sitt, preventing Sitt from continuing to shut Heiberger out of his office at the firm’s Irving Place headquarters. [more]

    34 Comments
  • From left: Joseph Sitt and Andrew Heiberger

    From left: Joseph Sitt and Andrew Heiberger

    Town Residential founder Andrew Heiberger filed an application for a restraining order and a preliminary injunction today against his investment partner at the firm, Joseph Sitt.

    The restraining order request, along with an accompanying injunction petition, is the latest development in the ugly battle between the two partners. Late last month Sitt terminated Heiberger’s contract as CEO. The two each own 50 percent of Town, which launched in 2010 and now has more than 600 brokers and 10 offices. [more]

    16 Comments
  • Andrew Heiberger and Joe Sitt

    Andrew Heiberger and Joe Sitt

    Battling Town Residential owners Joseph Sitt and Andrew Heiberger today sent a short statement to the staff of the company addressing their ongoing dispute.

    In the statement, the duo, which is involved in litigation over control of the fast-growing brokerage, does not offer any specific information as to the future of the company’s leadership but acknowledges the ongoing disagreement between the principles. [more]

    1 Comment
  • Heiberger steps away as CEO of Town

    January 30, 2014 08:00AM
    From left: Andrew Heiberger, Jeff Appel and Joe Sitt

    From left: Andrew Heiberger, Jeff Appel and Joe Sitt

    Town Residential founder Andrew Heiberger is no longer serving as chief executive officer of the city’s fastest-growing brokerage, The Real Deal has learned. [more]

    15 Comments
  • sitt

    519 Broadway and Joseph Sitt

    C&K Properties tapped Thor Retail Advisors — the retail leasing arm of developer Thor Equities — as the sole leasing agent for a six-story, mixed-use Soho building at 519 Broadway, a spokesperson told The Real Deal exclusively.

    The property near Mercer Street features 23,200 square feet of retail, in addition to the 102,390 square feet of residential space. Thor Retail Advisors, formerly known as Thor High Street Advisors, aims to help the landlord secure luxury retailers for the vacant space. [more]

    1 Comment
  • From left: Joseph Sitt, 425 West Broadway

    From left: Joseph Sitt, 452 West Broadway

    UPDATED, 3:25p.m., March 17:

    Joseph Sitt’s Thor Equities dished out $6 million for another Soho retail property: the former home of women’s apparel retailer Philosophy di Alberta Ferretti at 452 West Broadway between Prince and West Houston streets.

    The building features a glass facade spanning two stories. [more]

    1 Comment
  • From left:

    From left: Stanley Chera, the St. Regis Hotel, Jeff Sutton and Joseph Sitt

    From the January issue: If you trace the origins of the most aggressive retail deals in the last dozen years in Manhattan’s high-profile shopping districts, most lead back to Brooklyn. Click here for the full story and interactive maps of Manhattan retail properties owned by members of New York City’s Syrian Jewish community centered in Brooklyn.

    2 Comments
  • From left: Joseph Sitt, 680 Madison Avenue and Qela's Doha flagship store

    From left: Joseph Sitt, 680 Madison Avenue and Qela’s Doha flagship store

    Qatari apparel retailer Qela has inked a 6,230-square-foot lease at Thor Equities’ 680 Madison Avenue — the brand’s first outpost in the U.S. and Thor’s first deal in the retail property purchased last year. [more]

    1 Comment
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